The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-07
CONDITION OF THE MARKETS
Wheat Shows Increased Strength for q
Time, but the Market Soon Weakens.
Corn Fairly Active and Generally Weaker
Oats Dull and Prices Lower-Provisions
Stronger, with Very Active Trade.
MONEY, BONDS AND STOCKS.

Increased Activity In Stocks, Accompanied
by Higher Prices
NEW YORK, Jan. 6.-Money on call was easy
at 06 per cent, the last loan being made at
per cent, closing offered at per cent.
Prime mercantile paper, Ca per cent
Sterling exchange was active and strong at
81 800 for sxty-day bills. and $4.s4a for demand.
The total sales of stocks to-day were 1892, 1853
shares, including the following: Delaware, Lack
awanna & Western, IL 900; Erie, $3.50; Kansas
& Texas, $3.50; Lake Shore, 6,925; Louisville
e. Nashville. 1885; Memphis & Charleston,
$500; New Jersey Central, 1860; Reading,
01,3s5; ST. Paul, %, $50; st. Paul 6 Omaha,
90, lao; Texas & Pacific assessment paid), $780,
Union Pacific, 1860; Western Union, 1895
Wabash Pacific, 4,625; Northern Pacific pre-
ferred, 1860
Government bonds and State bonds were duh
and heavy.
The stock market showed much more activity
than that Of yesterday, and the upward move
ment in prices made further material progress.
The clears" made drive at the opening, but
buying soon turned the course Of affairs, and
especially among the coal stocks; Western
Union, St Paul 6 Omaha were remarkably good.
ter, though all the earnings reported were favor
able. The market still professional one,
though some European buying was noticed late
in the day. This, with the extensive covering
OF shorts, gave buoyant tone to the dealings
IN the afternoon, and the advance was stopped
only by the sound Of the gong. The coal stocks
we're the special features, notably Jersey Cen
trail and Reading. The purchases in the latter
are undoubtedly for the pools, and the rumors
and stories in regard to them were all of a
considerable selling of Union Pacific
for foreign account, and to day it was in good
demand in the loan room; but, like the Wa
bashes. which were special objects for "bear'
attacks early in the day, it recovered, and is
materially higher this evening Western
Union and ST. Paul were especially benefited by
the covering of short contracts. The opening
was generally weak, the declines from last even
ing's final figures ranging from to /. The bust
EeBs was only moderate, and before noon became
dull. Further slight declines were made in the
early trading, while the market soon rallied and
prices were brought up small fractions above
opening figures. They remained in that neigh
borhooi until after II o'clock, when the upward
movement gathered force, accompanied by
greater activity. With slight inter
ruption the advance continued until the
close. which was quiet but strong at or near the
best figures of the day Sales, 1872. 756 shares
Reading, 81 1856; Omaha %, l4O; St Paul, %, $50
Union Pacific, fS. $780, Western Union, II, 295
Everything on the active list is higher: Tennes
Sec coal Is up B per cent? Omaha, 81 Jersey
Central, q Reading, II; West Point, Ii; st. Paul
10; Northwestern and Western Union, l each.
Railroad bonds showed little more activity
though prices were irregular throughout. The
Gales were 81 $50 900, OF which West Shore tours
furnished $4,000, and Nickelplat receipts
$237 000 Hooking Valley general mortgage
rose q, to OIL; New Jersey Midland frsts, 2 tt
ll2; Lake Erie q Western Sandusky incomes
g. to 80; Ohio Southern incomes. 81, to 46
Mexican Central frsts lost 2, to 3d. Wabash gen
eral trust receipts, 2, to So Closing quotation
were: